I never posed that question to Matt, what I did ask him was what he thought about the price of cobalt if the supply demand came back into balance. I also pointed out that CRU releases a second report after the one he quoted that mentioned that when Katanga came online the price could drop to 30% if its current price. Also laterite mines are high up the cost curve compared to the DRC. Anyway just thought I’d share that. I have more questions to ask Matt. I’ll keep you all posted. I will also point out that the Glencore boss mentioned that he won’t be cannibalising his companies own investment by over supplying the market. Also Glencore owns a laterite mine and wants it to also be profitable. Something to think about.
ARL chart, page-160
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Last
40.0¢ |
Change
0.010(2.56%) |
Mkt cap ! $79.87M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.0¢ | 38.5¢ | $17.98K | 46.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76960 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 72533 | 3 |
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| Last trade - 14.08pm 08/11/2024 (20 minute delay) ? |
| ARL (ASX) Chart |